Pampa Metals (TSE:PM) has released an update.
Pampa Metals has expanded its initially announced private placement from June 19, 2024, to raise $3.5 million through the sale of over 12.9 million units at $0.27 each, to fund further exploration of its promising Piuquenes Copper-Gold Porphyry Project. The company’s recent drilling results have shown significant mineralization, and the placement has attracted both long-term shareholders and a natural resources fund. Scheduled in two tranches, the private placement includes common shares and half purchase warrants, with a four-month hold period and is subject to Canadian Securities Exchange approval.
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